Frequently Asked Questions?

NRI Savings Accounts and Fixed Deposits

Q : Who is an NRI?
Q : Who is a PIO?
Q : What is NRI banking and what are different types of bank accounts which can be maintained by a NRI/PIO in India?
Q : What is a NRE bank account?
Q : What is a NRO bank account?
Q : Can a NRI/PIO invest in small savings schemes or Public Provident Fund (PPF) in India?
Q : How can I open a NRI bank account in India? in India?
Q : What are the various investment opportunities in India available to NRIs?
Q : Can I transfer funds from my existing NRE/FCNR Accounts to open a NRO Account?
Q : How can I transfer or repatriate Indian Rupees in my NRO bank account (NRO savings account or NRO fixed deposit) in India to my overseas bank account?
Q : How can I transfer or repatriate Indian Rupees in my NRE bank account (NRE savings account or NRE fixed deposit) in India to my overseas bank account?

Money Transfer (Remittances) to India

Q : What is Remittances to India?
Q : How to find the cheapest and best way to transfer money to India?
Q : How much money can I send to India? Is there any limit to sending money to India?

Properties in India

Q : Can a NRI or PIO buy property in India?
Q : How much Indian currency can be brought in while coming into India?

Carrying currencies to India

Q : Can I acquire an agricultural land or a farmhouse being an NRI, OCI or PIO?

 

Q : How much foreign exchange (USD, GBP, AED, etc.) can be brought in while visiting India?
Q : Where and how can I but Indian Rupees outside India?